Share Market - Angel One - Page 131

JK Paper Ltd faced a challenging first quarter of FY2025, marked by a substantial decline in profitability. The company’s consolidated net profit dropped by 55%, driven by adverse market conditions and rising raw material costs. This financial strain had a pronounced impact on JK Paper’s stock, causing it to fall sharply by 10% JK Paper …

Welspun Corp has recently announced a significant order from the Middle East for the supply of LSAW pipes and bends, both bare and coated. This new order adds to the company’s growing portfolio, pushing the cumulative value of line pipe orders received in India and the US to an impressive Rs 1,202 crore since their …

Axis Bank announced Q1FY25 results, reporting a net profit of Rs. 6,035 crore, up from Rs. 5,797 crore in Q1FY24, exceeding market expectations. Sequentially, profit fell 15% from Rs. 7,130 crore in Q4FY24. NII rose to Rs. 13,448 crore from Rs. 11,959 crore, with NIM at 4.05%, down from 4.10%. Operating profit grew 15% YoY …

Rail Vikas Nigam Ltd (RVNL) was incorporated in 2003 by the Government of India. It is engaged in implementing a wide range of rail infrastructure projects as assigned by the Ministry of Railways (MoR). These projects include doubling tracks, gauge conversion, constructing new lines, railway electrification, building major bridges, workshops, and production units. Additionally, RVNL …

On July 4, 2024, Zydus Lifesciences Limited, including its subsidiaries and affiliates (referred to as “Zydus”), received preliminary approval from the USFDA (US Food and Drug Administration) to market Azilsartan Medoxomil Tablets in 40 mg and 80 mg strengths (branded in the US as Edarbi® tablets). Azilsartan is an angiotensin II receptor blocker (ARB) used …

Kalpataru Projects International Limited (KPIL), a leading Indian engineering and construction company, has secured a significant new order win valued at Rs 2,995 crore. This impressive achievement spans across the company’s core business segments: Transmission & Distribution (T&D), Building & Factories (B&F), and Water. The company highlights its continued strength in the T&D sector, particularly …

On July 15, 2024, Antony Waste Handling Cell Limited (AWHCL) released its business update for the quarter ended June 30 2024 (Q1 FY2025). The AWHCL commenced FY 2025 with another quarter of robust financial performance, driven by exceptional results in the Collection and Disposal business and a successful ramp-up at the Waste to Energy plant …

On July 24, 2024, Indian equity indices continued to fall for the fourth straight session. At close, the Sensex was down 0.35% at 80,148, and the Nifty was down 0.27% at 24,413.  Top Gainers and Losers Regarding sectors, Nifty Media, Nifty Oil and Gas, Nifty Consumer Durables, and Nifty Mid-small healthcare were seen rising. On …

On July 24, 2024, Sterlite Technologies Limited (STL) announced via a stock exchange filing that it had extended its partnership with Netomnia, one of the UK’s fastest-growing network operators. Over the past 5 years, STL has been a trusted partner for Netomnia. So far, STL has deployed around 12,000 ckm of optical fibre cable, reaching …

On Wednesday, the market showed muted sentiment. The benchmark indices concluded the trading day on a negative note, with the Sensex dipping by 0.35% to 80,148.89, and the Nifty dropping by 0.27% to 24,413.50. However, the broader market experienced gains, with the Nifty Mid-cap closing up by 1.04% and the Nifty Small-cap rallying by 1.76%. …